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Corporate Governance
Executive Committee (EXCO) The EXCO advises the CDAC Secretariat on the strategies for the various programmes, including outreach and stakeholders’ engagement. It monitors the implementation of the Board’s decision on strategic matters, policies, business plans and annual budgets and acts on behalf of the Board on any matters delegated by the Board from time to time. In 2018, two EXCO meetings were held. The composition of the EXCO is as follows: Chairman – Mr Ong Ye Kung Members – Mr Baey Yam Keng, Mr Chee Hong Tat, Ms Lim Sau Hoong, Ms Low Yen Ling, Ms Sun Xueling, Mr Sam Tan Chin Siong and Mr Alex Yam Ziming
Audit & Risk Committee (ARC) The ARC serves as an independent and objective party to assist the Board of Directors and Board of Trustees in fulfilling their fiduciary responsibilities relating to corporate accounting and reporting practices, risk management and internal controls. Two ARC meetings were held in 2018. The Composition of the ARC is as follows: Chairman – Mr Adrian Peh Nam Chuan Members – Mr Chua Pin, Mr Yap Boh Pin¹, Mr Charles Ho Nai Chuen² and Mr Yeo Ek Khuan² Notes: (1) ARC member who stepped down with effect from 21 June 2018. (2) ARC member who was appointed with effect from 21 June 2018.
Finance & Establishment (F&E) Committee The F&E Committee provides oversight on CDAC’s financial records and cost management. The Committee monitors the expenditure against the approved budgets for CDAC’s various programmes. The Committee also oversees human resource management and ensures an adequate, effective and competency-based wage reward and remuneration system. There were four F&E Committee meetings held in 2018. The composition of the Committee is as follows: Chairman – Mr Thomas Chua Kee Seng¹, Mr Tan Cheng Gay² Members – Mr Ang Kiam Meng³, Mr Roland Ng San Tiong, Mr Ng Siew Quan, Mr Seow Choke Meng, Mr Wan Shung Ming, Mr Yeo Ek Khuan³ and Mr Tan Aik Hock⁴ Notes: (1) Mr Thomas Chua stepped down as Chairman of the F&E Committee with effect from 21 June 2018. (2) Mr Tan Cheng Gay was a member of the F&E Committee and appointed as Chairman with effect from 21 June 2018. (3) F&E Committee member who stepped down with effect from 21 June 2018. (4) F&E Committee member who was appointed with effect from 21 June 2018. Investment Committee (IC) The IC provides recommendations on investment strategies to preserve and enhance the values of the CDAC Funds, and reviews and plans the investment portfolio allocations of the CDAC Funds. The IC also sets policies on the investment of the CDAC Funds based on the approved guidelines set by the Board of Trustees and in accordance with the Trustees Act. There were two IC meetings held in 2018. The composition of the Committee is as follows: Chairman – Mr Tony Chew Leong-Chee Members – Mr Ko Oon Joo¹, Ms Lynn Koh Beow Ko, Mr Lee Sze Leong, Ms Lim Li Ying, Mr Ong Lay Khiam, Ms Sun Xueling¹ and Mr Patrick Ng Bee Soon² Notes: (1) IC member who stepped down with effect from 21 June 2018. (2) IC member who was appointed with effect from 21 June 2018. Stakeholders Communications (SC) Committee The SC Committee reviews and recommends communication strategies to enhance stakeholders’ awareness of and support for CDAC’s cause and programmes. It also advises CDAC on the implementation of strategies to enhance communication with stakeholders. The SC meeting was held once in 2018. The composition of the Committee is as follows: Chairman – Ms Lim Sau Hoong Members – Ms Elim Chew, Ms Goh Sin Hwee, Mr Han Keen Juan, Mr Ng Kim Hwee, Mr Peter Ong, Mr Woo Keng Choong